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JD Supra Ireland

Publisher:
JD Supra
Publication date:
2019-04-29

Publisher

Law Firm

Latest documents

  • Irish Quarterly Legal and Regulatory Report: Asset Management and Investment Funds January - March 2025

    Welcome to the January - March 2025 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds. This report covers key dates and developments during the quarter, such as: AIFMD & UCITS updates including ESMA's latest common supervisory action with NCAs focusing on compliance and internal audit functions in fund management companies; Central Bank of Ireland developments, including significant new AIFMD Q&As, as well as its latest Regulatory and Supervisory Outlook Report outlining the key trends and risks moulding the operating landscape and the Central Bank's regulatory and supervisory priorities; and - Other regulatory developments on DORA, EMIR 3.0, proposals in the Commission's strategy for the Savings and Investment Union and on sustainability developments, the Commission's package of simplification measures focusing on sustainability reporting.

  • Irish Asset Management & Investment Funds ESG Newsletter: October 2024 – January 2025

    The Platform on Sustainable Finance has published its report on categorisation of products under SFDR ahead of the European Commission's proposal for review of the SFDR, expected in Q4 2025. ESMA released new Q&As providing welcome clarification on some of the key elements within its guidelines on fund names using ESG or sustainability-related terms.

  • Irish Quarterly Legal and Regulatory Report: Asset Management and Investment Funds October - December 2024

    Welcome to the October - December 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds.

  • Budget 2025 - Tax Highlights Ireland

    Budget 2025 announced on 1 October 2024 included a substantial "cost-of-living" package including many one-off payments, as well as outlining a framework to direct substantial tax revenues towards housing, energy, water and transport infrastructure. The need to maintain Ireland's competitiveness in the face of intensifying competition for foreign direct investment was acknowledged, with tax code simplification at the forefront.

  • Irish Quarterly Legal and Regulatory Report - Asset Management and Investment Funds January - March 2024

    Welcome to the January – March 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for Asset Management and Investment Funds. This report covers key developments during the quarter, such as: UCITS & AIFMD developments, including the publication of changes in cross-border notifications under AIFMD and the UCITS Directive...

  • Transposition of Credit Servicers Directive in Ireland – Overview

    On 29 December 2023, the Minister for Finance signed the European Union (Credit Servicers and Credit Purchasers) Regulations 2023 (the "Regulations") into law, thereby transposing the Directive on credit servicers and credit purchasers (Directive (EU) 2021/2167) (the "CSD") into Irish law, with effect from 30 December 2023. In keeping with the approach previously indicated by the Department of Finance, the Regulations confirm that the existing Irish domestic credit servicing regime (the "Domestic Regime") provided for under the Central Bank Act 1997 (as amended) (the "CBA 1997") will operate in parallel with the regime provided for by the Regulations (the "CSD Regime").

  • Central Bank's Regulatory and Supervisory Outlook Report 2004 Key trends, risks and priorities facing funds and the asset management sector

    On 29 February 2024, the Central Bank of Ireland (the "Central Bank") published a new Regulatory & Supervisory Outlook Report outlining the key trends and risks which the Central Bank has identified as moulding the financial sector operating landscape and its consequent regulatory and supervisory priorities for the next two years (2024/25) (the "Report"). The report was accompanied by a letter to the Minister for Finance and a subsequent cross-sectoral Dear CEO letter outlining a number of key regulatory initiatives for the year ahead (the "Letter"). The aim of the Report is to supplement the feedback provided by the Central Bank to regulated entities through its sector-specific supervisory engagement as well as its various consultative forums, conferences and publications. It also includes specific Spotlight chapters touching on areas of particular concern, such as consumer protection1, artificial intelligence ("AI") and financial crime. The scope of the Report extends to internationally active regulated entities and the interests of their consumers and investors and is not limited to those segments of the financial sector associated with the domestic economy. While the scope of the Report is far reaching, we have sought to highlight those risks and supervisory priorities identified by the Central Bank, which are of most relevance for funds and their service providers.

  • Ireland | Chambers 2024 Global Practice Guide on Securitisation

    1. Specific Financial Asset Types - 1.1 Common Financial Assets - A wide range of asset classes have been securitised by Irish special purpose entities (SPEs): residential mortgages; commercial mortgages; auto loans; consumer loans; SME loans; corporate loans; shipping assets; aircraft lease rentals; trade, credit card and hire purchase receivables; commodities; royalties; carbon assets; and nonperforming loans (NPLs). Originally published by Chambers and Partners - February 2024.

  • Irish Asset Management & Investment Funds ESG Newsletter - September / October 2023

    Regulation around ESG investment in Ireland is evolving rapidly with developments from the Central Bank of Ireland, European Commission and ESMA building an increasingly sophisticated regulatory backdrop. Our summary of the key recent developments includes: Central Bank of Ireland updates, including communication of the latest regulatory expectations on sustainability disclosures following its spot-check review; Please see full Newsletter below for more information.

  • Budget 2024 – Tax Highlights Ireland

    10 October 2023 – Ireland's Budget 2024 was presented in the context of a positive economic performance for Ireland — full employment, budget surpluses, rising population and a falling national debt — against a backdrop of global economic and geopolitical uncertainty. The result was the announcement of a 'spend and save' budget that included a significant package of public expenditure measures to further support the Irish economy and society, as well as a commitment to establish two new long-term savings funds to future proof the economy and public finances against future challenges. Please see full Article below for more information.

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